medium · Investment Banking

In M&A, 'Synergies' are often categorized as either 'Hard' or 'Soft'.

Which of the following is a 'Hard' synergy?

  1. Raising prices due to market power gained
  2. Cross-selling products to the combined base
  3. Eliminating overlapping corporate headquarters
  4. Entering a brand-new geographic market for future growth

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